Ofgem outlines approach to CMA remedies

The Informer
Posted on: 09/08/2016

Energy regulation Ofgem has outlined its plans to approach the remedies put forward by the Competition & Markets Authority (CMA).

The watchdog has launched a consultation on removing some of the 2013 Retail Market Review rules, which it hopes will give customers a broader choice of tariffs, with licence changes expected in early 2017.

It said it would assist the CMA in implementing its price cap for prepayment meters, which it said would run from 2017 to 2020.

Ofgem will also begin a trial next year of a database listing all of the customers who have not switched tariffs during the previous three years and give energy companies access to the information.